Mining Pool Viabtc Launches New Cryptocurrency Trading Platform

This week the Chinese company and mining pool, Viabtc has announced the launch of a new cryptocurrency trading platform called Viabtc.cn. The announcement follows the startup’s recent series A funding back in March which is now being used to expand domestic cryptocurrency trading in China.

Mining Pool Viabtc Launches Chinese Bitcoin and Ethereum Exchange

Viabtc is a well-known mining pool that captures roughly 4 percent of the Bitcoin network’s hash rate. The company is also known for its staunch stance towards Bitcoin scaling and a tool it created a while back that accelerates bitcoin transactions. The company recently raised $2.9 million in funding and is utilizing the money for its new exchange which will cater to both bitcoin and ether trading paired with each other and CNY.

“In March this year, we announced our closing of Series-A funding and plan to expand cryptocurrency trading business in domestic China,” explains Viabtc. “After three months of intensified developing and testing efforts, we are glad to present to you our brand new cryptocurrency trading platform — www.ViaBTC.CN.”

Viabtc’s charts will be provided by Trading View.

The Trading Platform’s High-Speed Matching Engine Claims to Process 10,000 Transactions Per Second

Viabtc says they are also offering introductory low fee trades and zero fee withdrawals to “celebrate the launch.” Also, the company states it has built a high-speed matching engine that can process 10,000 transactions per second. Moreover, Viabtc says all holdings will be held 100 percent in reserves. The company details that security will offer two-factor authentication (2FA), cold storage, and a multi-signature infrastructure as well.

The company also details the platform will showcase professional charts from the firm Trading View.

Viabtc Says They Are Committed to Creating a Reliable Cryptocurrency Experience

The bitcoin startup hopes Chinese traders will choose Viabtc because it aims to be a “convenient exchange platform supported by extensive technology innovations.” The company says the team has lots of experience in the cryptocurrency and blockchain industry and details that most of the team stems from the Chinese Internet company Tencent and other top tech firms in China.

“ViaBTC.CN is committed to delivering a reliable cryptocurrency trading platform with high-speed transaction matching, full-dimension protection, and smooth user experience,” the company adds.

What do you think about Viabtc launching a cryptocurrency exchange? Let us know in the comments below.

Images courtesy of Shutterstock, and the Viabtc.cn website.

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Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.

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